Small Business Research Initiative (SBRI) healthcare launches new competitions, with £5 million to invest this year
The competitions will be looking for companies specifically focused on driving towards better health outcomes for patients across seven categories; Cancer, Cardiovascular, COPD, Diabetes, Mental Health/Dementia, Patient Safety and Research Tools.
The Small Business Research Initiative for Healthcare (SBRI Healthcare) is an NHS England initiative, championed by the newly formed Academic Health Science Networks (AHSNs), who aim to promote UK economic growth whilst addressing unmet health needs. A series of health related competitions result in fully funded development contracts between the awarded company and NHS England, and unlike many R&D projects which offer grant or match funding, SBRI contracts are 100 per cent funded.
Generally taking a two-phased development approach, projects start with initial feasibility and can then move on to more detailed product development. Phase 1 contracts for feasibility testing are valued at up to £100,000 and last for six months. Phase 2 contracts for prototype development are worth up to £1 million over two years. While the public sector has the right to license the resultant technology, its intellectual property (IP) remains with the company.
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